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a . What is the duration of a two - year bond that pays an annual coupon of 1 0 percent and has a current

a.What is the duration of a two-year bond that pays an annual coupon of 10 percent and has a current yield to maturity of 12 percent? Use $1,000 as the face value.
Note: Do not round intermediate calculations. Round your answer to 4 decimal places. (e.g.,32.1616)
b.What is the duration of a two-year zero-coupon bond that is yielding 11.5 percent? Use $1,000 as the face value.

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